MULTIFAMILYRADAR
5-Unit Multifamily in Galveston, TX, photo 11 / 30
Value-add
$1,350,000

5-Unit Multifamily in Galveston, TX

Galveston County, TX · listed Jul 28, 2026 (92 days)

Price per unit compared
This property$270K
Within ~40 mi (223)$99K
Texas median (1,029)$100K
$/unit
$270,000
▲ 170% vs TX · 92nd pct
Cap rate
—
 
Gross yield
—
 
Units
5
1 bldg · 1966

Financials

Asking price
$1,350,000
Price per unit
$270,000
Price per sq ft
$199
Gross rent / year
Not stated
Net operating income
Not stated
NOI per unit
Not stated
Cap rate
Not stated
Gross yield
Not stated
Occupancy
Not stated

As stated by the seller. Verify during due diligence.

Building

Units
5
Unit mix
two beautifully finished 1-bedroom, 1-bathroom apartments, while the third floor features a spacious 2-bedroom, 2-bathroom unit
Buildings
1
Year built
1966
Building size
6,798 sq ft
Avg unit size
1,360 sq ft
Lot size
Not stated
Condition
Value-add

Deal terms

Owner financing
Not stated

Listing

Listed
Jul 28, 2026
Days on market
92 days
On MultifamilyRadar
Oct 28, 2026
Last price change
Not stated
Location
Approximate (~0.5 mi)
Listing #
1204

About this property

Own a premier mixed-use investment property in the heart of Downtown Galveston! This income-producing, three-story building offers the perfect blend of commercial and residential income streams, complete with valuable two-car garage. The property features approximately 2,750 square feet of fully leased office space on the first floor, occupied by multiple tenants and providing immediate income. Designed for a professional business environment, the commercial level offers soaring ceilings, three private offices, multiple conference and meeting rooms, and an efficient layout. Above the commercial space are three residential units (4,048 SqFt) all recently turned over and ready for lease. The second floor includes two beautifully finished 1-bedroom, 1-bathroom apartments, while the third floor features a spacious 2-bedroom, 2-bathroom unit with stunning views of Downtown Galveston.

Office Space & Residential Apartments all in One Building!

Location

Approximate area. The exact address is shared on request.

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